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U.S. markets recover from steep losses
LAGOS, Nigeria, Aug. 26 (UPI) -- Fifteen top Nigerian bankers have been arrested on charges of conspiracy and money laundering, an anti-corruption official said.
Farida Waziri, head of Nigeria's Economic and Financial Crimes Commission, told reporters his group has taken the bankers into custody to make sure none left the country as officials examined banks that have piled up billions of dollars in bad debts, Radio France Internationale reported.
Observers said Nigeria's financial sector has been upended since Aug. 14, when Sanusi Lamido Aminu Sanusi, the governor of the Central Bank of Nigeria, announced that he was firing the heads of five banks for mismanagement. The EFCC then demanded bankers repay their debts by Tuesday or face arrest -- some did, but others did not and remain at large, RFI reported.
"We are trying to sanitize this very important sector in the economy of this country," Waziri told the French broadcaster. "We are working within the rule of law … even the persons that we kept -- so that we wouldn't jeopardize the investigation -- we kept them under court orders."
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